Japan and the Great Divergence, 730-1874

Jean-Pascal Bassino (), Stephen Broadberry, Kyoji Fukao, Bishnupriya Gupta and Masanori Takashima

No 2018-13, CEI Working Paper Series from Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University

Abstract: Despite being the first Asian economy to achieve modern economic growth, Japan has received relatively little attention in the Great Divergence debate. New estimates suggest that although the level of GDP per capita remained below the level of northwest Europe throughout the period 730-1874, Japan experienced positive trend growth before 1868, in contrast to the negative trend growth experienced in China and India, leading to a Little Divergence within Asia. However, growth in Japan remained slower than in northwest Europe so that Japan continued to fall behind until after the institutional reforms of the early Meiji period. The Great Divergence thus occurred as the most dynamic part of Asia fell behind the most dynamic part of Europe.

Keywords: GDP per capita; Britain; Great Divergence; Japan (search for similar items in EconPapers)
JEL-codes: N10 N30 N35 O10 O57 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2018-12
New Economics Papers: this item is included in nep-evo, nep-gro, nep-his and nep-sea
Note: 43431
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/29758/wp2018-13.pdf

Related works:
Journal Article: Japan and the great divergence, 730–1874 (2019)
Working Paper: Japan and the Great Divergence, 730-1874 (2017)
Working Paper: Japan and the Great Divergence, 730-1874 (2017)
Working Paper: Japan and the Great Divergence, 730-1874 (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitcei:2018-13

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